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An ultra-Orthodox Jewish man walks in Ramat Shlomo

Israel okays 1,600 settler homes for East Jerusalem

Israel's interior minister has given final approval for a plan to build 1,600 settler homes in East Jerusalem, a project whose announcement last year during a visit by U.S. Vice President Joe Biden caused a diplomatic rift with Washington.
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Tel Aviv stocks fall 7 pct on US debt downgrade

Tel Aviv shares closed nearly 7 percent lower on Sunday in the first response of a developed market to Standard & Poor's downgrade of the United States' credit rating that has sparked fears of another global recession.
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Thousands of Israelis Protest High Cost of Living

Hundreds of thousands of Israelis gathered in the streets of Tel Aviv and other major Israeli cities on Saturday night to protest the high cost of living for the middle class, in one of the largest social rallies in Israeli history.
For Discussion: U.S. Fiscal Policy

The 3 U.S. Policy Mistakes Most Responsible for S&P Downgrade

While S&P?s downgrade of the U.S. Government?s credit rating is controversial, most agree that the U.S. fiscal condition is serious. And while both Democrats and Republicans increased the budget deficit, three major policy errors by President George W. Bush last decade substantially worsened the U.S.?s fiscal condition, and the nation has been trying to recover ever since.

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